MOCK TEST “International Trade Finance”

IIBF Certification Practice Test

⏳ Time: 05:00

📝 Question: 1/10

🏆 Score: 0/10

1. Which year marked the establishment of the World Trade Organization (WTO)?

1947 1995 2001 1986

2. Which WTO agreement specifically addresses intellectual property rights?

GATS TRIPS GATT DDA

3. The Uruguay Round (1986–94) led to the creation of:

GATT IMF WTO World Bank

4. Which of the following is NOT a core function of the WTO?

Administering trade agreements Providing loans to developing nations Handling trade disputes Monitoring national trade policies

5. The Doha Development Agenda (DDA) primarily emphasized:

Tariff reductions in developed nations Issues raised by developing countries Military trade regulations Space technology trade

6. Which agreement under the WTO framework covers trade in services?

TRIPS GATS GATT NAFTA

7. What does the 'Most-Favoured-Nation (MFN)' principle ensure?

Preferential treatment for allies Non-discrimination between trading partners Higher tariffs for non-members Exclusivity in regional trade blocs

8. In 1997, 69 governments agreed to liberalize trade in:

Agricultural products Telecommunications services Textiles Pharmaceuticals

9. The WTO’s highest decision-making body is the:

General Council Ministerial Conference Dispute Settlement Body Secretariat

10. What is a key requirement for WTO member countries regarding trade policies?

Maintain secrecy in trade laws Notify the WTO about their trade measures Impose unilateral tariffs Restrict services trade

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